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Tax Credits for Households with Children

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You can save up to $1,000 in taxes for each child in your family under 17. The Child Tax Credit gives you money back, even if you don’t owe any taxes. To qualify for the tax credit, there are certain restrictions such as a child must have lived with you for more than half the year and your income must be under a certain amount. See if you can claim the Child Tax Credit.
 
If you paid someone to take care of your child (under age 13) or qualifying dependent (unable to care for themselves) so you could work or look for work, you may be able to get the Child and Dependent Care Credit. You can get a credit to help with the expenses you had to care for them and it will reduce the amount of taxes you owe to the IRS. 

 

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